Friday, August 27, 2021 3:37:30 PM
To fully understand why there have been, in my opinion, many attempts to get retail investors to sell their CACH shares here, I am going to share some of the information I have discovered in performing my Due Diligence of CACH.
To simplify everything let's start with the entities, companies and players involved in this trade and reorganization:
1. Caché Inc. : Women's Upscale Clothing Retailer
2. Lillie Rubin: Women's High_End Brand Couture Retailer acquired by Caché.
Per: https://www.catofashions.com/
3. Cato Fashions : Women's Clothing Retailer offering mid price and discount clothing and accessories; carrying several stores including
CATO, Versona, and It's Fashion
https://www.genequityco.com
3. Generational Equity : "A leading mergers and acquisitions advisor for privately held businesses." They have five division within their Group, including: Generational Group, Generational Capital Markets, Generational Dealforce, Generational Wealth Advisors, and Generational Consulting Group.
Per: https://www.kerrconsulting.com/about
4. Kerr Consulting: Kerr Consulting is a premiere technology solutions provider— through automation, integration, and development, our digital transformation strategies have allowed thousands of companies to focus more on their core business.
Per: https://www.provisocapital.com/portfolio
5. Proviso Capita: "Proviso Capital was founded in 2014 to invest in strong and sometimes overlooked lower middle market companies in competitive niche industries." Proviso has three companies in it's portfolio, according to it's website. They are Algiere Construction, Kerr Consulting, which Proviso recently acquired, and Software Link, which Kerr Consulting acquired.
Per: https://www.provisocapital.com/portfolio
THE HISTORY OF THIS PLACE CACHE Finds itself in and how I believe it is all tied together.
The Beginning:
CACHE Files for Bankruptcy Chapter 11
Per: https://www.reuters.com/article/cache-bankruptcy-idUSL4N0V53GI20150204
More in my next post
“The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.”~Leo Buscaglia
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